I like the Oil Dollar

Proposed image of Mohammed for the new Petrol Dollar

As reported here.

I earlier stated the oil dollar makes sense right now and for the next ten years. We are solving the oil problem, lets align the major reserve currency to oil while we solve it. If done right, then the energy cost of our planning will be apparent.

The Gulf Dollar should be called the Jihadi! The world will go on an Oil Efficiency Jihad.

The Jihadi may not last longer then ten or fifteen years, but it will be an enormously profitably monetary system during that period, and if its decline becomes near, all parties can prepare a little crash.

The rise of the Jihadi in international trade will be a substantial monetary stimulus, causing discipline in the investment banks. The Jahidi will be a close approximation to the Selgin Productivity Norm.

Because the Jiadi monetary system will optimally align oil trade, oil will be globally priced with maximum precision. The Jihadi will force developed nations to match oil scarcity with oil efficiency on a one to one basis.